SHURGARD SELF STORAGE LIMITED financials
SHURGARD SELF STORAGE LIMITED
Country: BE Reporting currency: EUR Latest annual report: 2023-12-31
LEI:
549300J0UEIKU81XO336 Financial statements
(EUR, as reported — unscaled; 102 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | €357.9M | €335.3M |
| Cost of sales | €120.5M | €113.8M |
| Gross profit | €237.5M | €221.5M |
| Depreciation & amortisation | €3.4M | €2.9M |
| Operating profit (EBIT) | €501.4M | €782.6M |
| Finance costs | €23.4M | €21.4M |
| Profit before tax | €481.1M | €761.8M |
| Income tax expense | -€53.3M | €186.2M |
| Profit for the year | €534.4M | €575.6M |
| — attributable to NCI | €1.1M | €1.3M |
| Total comprehensive income | €556.7M | €490.2M |
| Per share | ||
| Basic EPS | €5.91 | €6.45 |
| Diluted EPS | €5.89 | €6.40 |
| Free cash flow / share | €2.06 | €2.07 |
| Cash flow statement | ||
| Net cash from operating activities | €187.4M | €186.5M |
| Income taxes paid | €32.4M | €28.9M |
| Net cash from investing activities | -€180.4M | -€183.4M |
| Purchase of PP&E (capex) | €117.0K | €254.0K |
| Purchase of intangibles | €3.3M | €2.7M |
| Net cash from financing activities | €162.4M | -€132.0M |
| Dividends paid | €104.3M | €106.9M |
| Proceeds from borrowings | €160.0M | €0 |
| Repayments of borrowings | €160.0M | €0 |
| Lease liability payments | €4.3M | €4.6M |
| Net change in cash | €169.4M | -€128.9M |
| Balance sheet | ||
| Total assets | €5.35B | €4.66B |
| Non-current assets | €5.06B | €4.55B |
| Property, plant & equipment | €2.5M | €2.7M |
| Current assets | €298.1M | €114.3M |
| Cash & equivalents | €258.1M | €87.3M |
| Total equity | €3.62B | €2.87B |
| — attributable to owners | €3.61B | €2.86B |
| Non-controlling interests | €7.9M | €6.8M |
| Non-current liabilities | €1.50B | €1.67B |
| Lease liabilities (non-current) | €106.4M | €95.7M |
| Current liabilities | €228.1M | €117.3M |
| Lease liabilities (current) | €4.4M | €4.2M |
| Deferred tax liabilities | €698.8M | €781.1M |
| Derived metrics | ||
| Free cash flow | €187.2M | €186.3M |
| Operating margin | 140.1% | 233.4% |
| Net margin | 149.3% | 171.7% |
| Return on equity | 14.8% | 20.1% |
| Cash conversion ratio | 0.35× | 0.32× |
| Capex coverage | 1601.38× | 734.39× |
| Other reported items | ||
| Accumulated Other Comprehensive Income | -€116.1M | -€138.4M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -€6.3M | -€5.1M |
| Adjustments For Depreciation and Amortisation Expense | €3.4M | €2.9M |
| Adjustments For Finance Costs | €20.3M | €20.8M |
| Adjustments For Gains Losses On Fair Value Adjustment Investment Property | €294.4M | €586.2M |
| Adjustments For Increase Decrease In Trade and Other Payables | €11.3M | €16.7M |
| Adjustments For Sharebased Payments | €4.3M | €4.4M |
| Comprehensive Income Attributable To Noncontrolling Interests | -€1.1M | -€1.3M |
| Comprehensive Income Attributable To Owners of Parent | €555.6M | €488.9M |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €297.6M | €114.3M |
| Current Debt Instruments Issued | €100.0M | €0 |
| Current Tax Liabilities | €5.5M | €6.6M |
| Deferred Tax Assets | €891.0K | €972.0K |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | €104.3M | €106.9M |
| Dividends Recognised As Distributions To Owners of Parent Relating To Current Year | €51.7M | — |
| Dividends Recognised As Distributions To Owners of Parent Relating To Prior Years | €52.6M | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | €1.4M | -€3.0M |
| Equity and Liabilities | €5.35B | €4.66B |
| Finance Income | €3.1M | €622.0K |
| Gain Loss That Relates To Identifiable Assets Acquired Or Liabilities Assumed In Business Combination | €5.0K | €775.0K |
| Gains Losses On Exchange Differences On Translation Net of Tax | €22.3M | -€85.6M |
| Gains Losses On Fair Value Adjustment Investment Property | €294.4M | €586.2M |
| Increase Decrease In Accumulated Deferred Tax Recognised In Other Comprehensive Income Due To Change In Tax Rate | €49.8K | -€70.8K |
| Increase Decrease Through Appropriation of Retained Earnings | €0 | — |
| Increase Decrease Through Sharebased Payment Transactions | €4.2M | €4.5M |
| Intangible Assets Other Than Goodwill | €7.7M | €6.7M |
| Interest Paid Classified As Financing Activities | €24.1M | €22.5M |
| Interest Received Classified As Investing Activities | €3.1M | €622.0K |
| Investment Property Completed | €4.93B | €4.47B |
| Investment Property Under Construction Or Development | €106.0M | €54.2M |
| Issue of Equity | €300.4M | €416.0K |
| Issued Capital | €69.4M | €63.6M |
| Liabilities | €1.73B | €1.79B |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | €530.0K | €0 |
| Noncurrent Debt Instruments Issued | €698.4M | €798.0M |
| Other Comprehensive Income | €22.3M | -€85.4M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | €100.0K | €200.0K |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | €22.3M | -€85.6M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -€23.0K | €251.0K |
| Other Current Assets | €19.7M | €8.3M |
| Other Expense By Function | €926.0K | €0 |
| Other Noncurrent Assets | €9.0M | €11.3M |
| Other Reserves | €472.8M | €146.3M |
| Payments For Debt Issue Costs | €2.6M | €0 |
| Payments For Share Issue Costs | €2.7M | €23.0K |
| Proceeds From Issuing Shares | €300.4M | €416.0K |
| Proceeds From Sale Or Issue of Treasury Shares | €0 | €1.6M |
| Profit Loss Attributable To Ordinary Equity Holders of Parent Entity | €533.3M | €574.3M |
| Purchase of Investment Property | €68.2M | €76.5M |
| Reserve of Gains and Losses On Hedging Instruments That Hedge Investments In Equity Instruments | €4.9M | — |
| Reserve of Sharebased Payments | €12.8M | €8.6M |
| Retained Earnings | €2.34B | €2.24B |
| Royalty Expense | €3.5M | €3.3M |
| Sale Or Issue of Treasury Shares | — | €1.6M |
| Share Issue Related Cost | €2.7M | €23.0K |
| Share Premium | €831.9M | €540.1M |
| Trade and Other Payables | €118.2M | €106.5M |
| Trade and Other Receivables | €19.7M | €18.7M |
Methodology
Every line item above is a fact tagged in SHURGARD SELF STORAGE LIMITED's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.